Did you know?
Homes built today are likely to command higher values than existing homes, primarily because improved building standards have led to better-quality housing products. The energy-efficiency standards and local building codes that are in place today far exceed those that were in place in prior years.
Advantages of New Construction
Building a new home does not offer the same convenience as buying an existing house but does have some very real advantages. The primary advantage of building a new home is that it can be built to individual specifications. A new house may literally be better for you. A new home is less likely to have the health concerns or toxic materials of an older home – things such as asbestos, lead paint, mold, etc.
Building a house can lead to a level of satisfaction that you can’t achieve through buying an existing home.
A New Home Has Higher Resell Value
You can have more significant profits with the resale of your new home. A newer home is typically more appealing than an older home to most people. In addition, a new home will require fewer repairs and less maintenance, which can save both money and time.